Sean Quinn Jnr, aged 28 in 2007, had completed a business studies degree and was working in 2007 in middle management at Quinn Insurance. Colette Quinn, aged 32 in 2007, has a commerce degree and was an assistant operations manager with Quinn Hotels in 2007. The Quinn shares were transferred to six Quinn-owned Cypriot companies which ultimately received €498 million from Anglo. This situation was “so at odds with normal common sense” the bank’s conscience should have alerted it to need to make sure the Quinn children absolutely understood what they were doing. It was “morally reprehensible” of Anglo to take guarantees from the children when it never contacted them about those or advised them to take independent legal advice.

Source: The Irish Times March 13, 2019 16:50 UTC